• Lower rate @ 13% p.a. versus 15% - 18% p.a. interest rate or management charge
• Hassle-free conversion - your outstanding statement balances will be converted upon meeting eligibility criteria (annual assessment)
• No processing fee on the conversion
• No termination fee – flexibility to early settle your instalment plan with no additional fee
• Flexibility to opt-out from each conversion offer 

• Eligible customer will be given advance notice prior to being enrolled into the programme
• Your outstanding credit card balances will be converted into 36 monthly instalments
• Balances will be converted at 13% p.a. (effective interest rate / management charge)
• Minimum convertible amount is RM1,000
• Please note that the amount converted will be booked on your existing credit card limit. Each monthly instalment you pay will incrementally restore your available credit limit or in full once the Auto Balance Conversion is fully repaid.

Upon enrolment for this programme, your credit card outstanding balance will be assessed after payment due date and converted into 36 monthly instalments upon meeting the eligibility criteria every 12 months.

Example:

• Maybank will auto-enrol eligible customers.
• Upon enrolment, the outstanding statement balance will be converted 2 days before statement cycle date.

Monthly Payment Due Illustration - Auto Balance Conversion interest rate / management charge (13%):

Monthly Payment Due Illustration - Based on Current Credit Card interest rate / management charge (17%)

This is only an illustration of minimum payment due with an without the Auto Balance Conversion with the following assumptions:

• Minimum payment due is 5% of statement balance. Customer makes minimum payment due (5%) monthly.
• There is no new retail spend or cash advance following the conversion.
• The outstanding balance consists of retail spend only and revolves at 17% p.a.
• The monthly instalment amount from Auto Balance Conversion is RM320 and 100% of instalment amount is to be paid in full as part of minimum payment due.

• Nationality: Malaysian
• Monthly income: Less or equal RM5,000 (note that this refers to the latest verified income per your credit card issuer’s record)
• Payment history: Payment ratio less or equal 10% (previous 12 months’ average)
• Payment ratio = Total payment / total statement balance (previous 12 months)
• Your card account is current and not delinquent

Note:

• You will not qualify for future auto balance conversion if your monthly income is above RM5,000.
• You will continue to pay down any outstanding instalment from earlier converted balances.
• You are encouraged to keep Maybank updated on any changes to your income level. Please email to mbbcardservices@maybank.com.my for the details on income update.

To opt-out, you are required to reply that SMS : EXIT<space>XXXXXXXXX<space> 12 Digits IC Number and send to 66628. (XXXXXXXXX is the 9 digits of number as stated in the SMS received by you)

Alternatively, you may opt out from this programme by contacting Maybank Group Customer Care. Upon opt out, we will

• Not convert your credit card balance to an installment plan
• Not charge any penalty fee if cancelled.
• Not charge any penalty fee for early settlement of outstanding balance.

Upon conversion of your credit card balance, you are allowed to cancel within 30 days from the date of conversion without any termination fee. This cooling off period only applies to 1st time conversion.

If you opt to cancel the instalment plan during the 3-year tenure, you will have to pay the outstanding principal in full.

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Auto Balance Conversion Islamic

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